Preliminary data from Farside Investors revealed that four of the new spot Bitcoin ETFs had another day of zero flows on April 16.
These were Bitwise (BITB), Invesco Galaxy (BTCO), WisdomTree (BTCW), and Hashdex (DEFI).
Additionally, Grayscale’s GBTC and ARK 21Shares’ ARKB had outflows of $79.4 million and $12.9 million respectively.
Nevertheless, Bloomberg ETF analyst James Seyffart said this was perfectly normal.
To all those people emailing us, saying we have a bug, because that many flows cannot be zero and its too much of a coincidence. See this thread from @JSeyff
Bitcoiners clearly do not understand ETFs, we are so early… https://t.co/aLhTiJX3IS
— Farside Investors (@FarsideUK) April 16, 2024
Why Zeros Don’t Matter
On April 16, Seyffart said that on any given day, the vast majority of ETFs will have a flow number of zero, adding that “this is very normal.”
He said that there are around 3,500 ETFs in the US, and on April 15, 2,903 of them had a flow of exactly zero
We współpracy z: https://cryptopotato.com/why-zero-flows-for-spot-bitcoin-etfs-dont-really-matter/
